The Index is still doing a pullback from the resistance level of 99.22, and we can see a bottom around the 200 SMA price zone (98.79 support level). That's why we're with a dynamic support idea over there, in order to re-take the bullish path in a short-term basis. A breakout above the 99.22 level will expose the 99.49 level. MACD indicator is at negative territory.
H1 chart's resistance levels: 99.22 / 99.49
H1 chart's support levels: 98.79 / 98.39
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 99.22, take profit is at 99.49, and stop loss is at 98.94.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Daily analysis of USDX for January 14, 2016 . Thanks for your support.
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